EU Agrees €90 Billion Loan to Ukraine as War Continues
The European Union has approved a €90 billion loan package for Ukraine, strengthening its financial support as the country continues to face the impacts of the ongoing war with Russia.
EU leaders reached the agreement following extensive discussions on sustaining Ukraine’s economy and government operations. The funding is intended to help Ukraine cover essential public spending, support reconstruction efforts, and stabilize its economy during the conflict.
The decision comes after earlier proposals to use frozen Russian assets encountered legal and political hurdles. Officials said the new loan mechanism provides a practical alternative while maintaining long-term assistance to Kyiv.
European Commission representatives stated that the loan reflects the EU’s commitment to supporting Ukraine for as long as necessary. The funds are expected to be released in stages and linked to transparency and reform conditions, in line with previous EU financial aid programs.
Ukrainian authorities welcomed the move, calling it vital for maintaining public services and supporting citizens affected by the war. Since the conflict began, the EU has provided Ukraine with significant financial, humanitarian, and military assistance.
The latest agreement highlights the European Union’s ongoing role in the conflict and underscores the growing financial burden of sustaining long-term support for Ukraine amid internal debates within member states.
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